No matter what age an individual is when he or she divorces, each is sure to face some periods of emotional and financial vulnerability. For baby boomers, though, discussions about finances might be a particularly stressful issue. Many have recently retired after working decades or have assets they are not looking to part ways with.
As if it were not already difficult for breadwinners that are divorcing to swallow the idea of having to split half of their assets with or having to pay alimony to their exes, imagine if they're having to consider doing so as they're looking to retire. At a time when monthly retirement payments are a mere fraction of what they were receiving while actively working, this can mark a very scary time in their lives.